The Blackstone Group L.P. Target of Unusually High Options Trading (BX)
The Blackstone Group L.P. (NYSE:BX) was the target of some unusual options trading on Monday. Investors bought 13,773 call options on the stock, Analyst Ratings.Net reports. This represents an increase of 237% compared to the average volume of 4,092 call options.
Several analysts have recently commented on the stock. Analysts at Morgan Stanley raised their price target on shares of The Blackstone Group L.P. from $25.00 to $27.00 in a research note to investors on Thursday. They now have an “overweight” rating on the stock. Separately, analysts at Jefferies Group raised their price target on shares of The Blackstone Group L.P. from $26.00 to $30.00 in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Blackstone Group L.P. in a research note to investors on Wednesday, September 18th. They now have a $24.50 price target on the stock. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $27.42.
Shares of The Blackstone Group L.P. (NYSE:BX) traded down 0.15% during mid-day trading on Monday, hitting $26.31. The stock had a trading volume of 4,188,852 shares. The Blackstone Group L.P. has a 52 week low of $13.31 and a 52 week high of $26.46. The stock has a 50-day moving average of $23.22 and a 200-day moving average of $21.92. The company has a market cap of $14.811 billion and a price-to-earnings ratio of 24.44.
The Blackstone Group L.P. (NYSE:BX) last posted its quarterly earnings results on Thursday, July 18th. The company reported $0.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.08. The company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same quarter in the previous year, the company posted $0.19 earnings per share. The company’s revenue for the quarter was up 129.7% on a year-over-year basis. Analysts expect that The Blackstone Group L.P. will post $2.38 EPS for the current fiscal year.
The Blackstone Group L.P. (NYSE:BX) is a manager of private capital and provider of financial advisory services.
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